Opportunities for financing the small and medium-size businesses in the Republic of Macedonia through issuing long-term securities

Vitanova, Gordana and Angeleski, Marjan and Spaseska, Tatjana and Risteska, Fanka (2011) Opportunities for financing the small and medium-size businesses in the Republic of Macedonia through issuing long-term securities. 1 st REDETE Conference, Economic Development and Entrepreneurship in Transitional Economies:A Review of Current Policy Approaches.

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Official URL: http://www.redete.org/doc/REDETE-Conference-2016_w...

Abstract

Small and medium-sized businesses are major part of the economy. The effective financing of such businesses makes a significant contribution to the economic growth and development. There are different types of financing the small and medium-sized businesses: internal funds; overdrafts and bank loans; leasing and hire purchase arrangements; stock market equity and corporate bond issues; venture capital or private equity; assetbased finance such as factoring and invoice discounting and trade finance. The capital market is alternative and competitive way of financing the business entities regarding the financial institutions, above all the banks. In the developed market economies the capital market allows the business entities to obtain the financial assets they need to realize their projects through issuing long-term securities. Considering the wide advantages these forms of financing offer, the subject of research of this paper shall be the opportunities of their implementation in the small and medium-sized businesses. Namely, an analysis and empirical research shall be conveyed of the current conditions of the small and medium-sized businesses related to their financing. In addition, recommendations shall be proposed for more efficient exploitation of the opportunities for financing on the capital market.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 27 Dec 2019 20:38
Last Modified: 05 Mar 2020 09:36
URI: http://eprints.uklo.edu.mk/id/eprint/2310

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